Sun Nov 04, 2012 at 10:09 AM PST
Breaking: Romney Paid Zero Taxes From 1996 To 2009
by kavips
Harry Reid was right. Bloomberg finally cracked the story...
Using a tax shelter called a
CRUT (charitable
remainder unitrust) that was held by the Church of Latter Day Saints
(Mormons), Mitt Romney was able to pay zero taxes (legally) every
single year from 1996 to 2009. Why did he stop in 2009? Because he
would make public his 2010 tax return, that is why.
This tax loophole was
killed by Congress in
1997. However those including Romney that were already using it were
allowed to continue it. The way it works, is that Romney makes a
"charitable" contribution to the Church of Latter Day Saints and it goes
into a trust. Since the trust is held by the church, the money is tax
deferred. Any capital gains, are non taxed because of the charities
status. Like an annuity, the donor gets a charitable tax deduction and
an stream of cash payments. When Romney dies, the church accepts full
ownership..
Bloomsberg's attorneys estimate as the
Romneys have received these payments, the money that will potentially be
left for charity has declined from at least $750,000 in 2001 to
$421,203 at the end of 2011.....
Romney has refused to answer any thing on this topic. His campaign puts out that it was all legal....
Legal perhaps. Ethical for the president
of the United States? Well, only if you want a crook running the
country.... Imagine! Legally stealing from your church!.
http://www.dailykos.com/story/2012/11/04/1155381/-Breaking-Romney-Paid-Zero-Taxes-From-1996-To-2009
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Ladybird0724 wrote:
I'mma post it when it becomes available
. I registered to vote welll in advance because I was registered in another town that I lived in. As soon as I moved back I sent my application in. Never got my voter registration card. I went to vote early and they said I'm not registered. Then I get a letter in the mail saying I need to redo my application a few days before the election. :( Here's the catch, I get the Letter October 30. The letter said it was written October 13. The letter told me I have 10 days from the time this letter was written to fill my application out so I can vote 30 days after I sent my original application (so since I sent it in early, I would have made the deadline to vote). But since it is past 10 days they are telling me I can't vote even though I received it late. So I can do provisional voting?
Hang in there MY people, hang in there!!!!!
